With Leadership from Noem, House Passes Comprehensive Tax Reform
Washington, D.C. – Rep. Kristi Noem today led the U.S. House of Representatives in passing H.R.1, the Tax Cuts and Jobs Act. Noem, who is the first South Dakota representative in history to serve on the House’s tax-reform committee, was one of nine House Republicans to negotiate the final deal. A farmer, rancher, small business owner and mother, Noem fought to double the Child Tax Credit, provide producers with better expensing tools, and lower tax rates across the board. Watch video of Noem’s closing arguments today. Read the conference report here. A summary can be found here.
“The average household income in South Dakota is $54,000, and year after year, these families are seeing their expenses go up. Their healthcare costs are skyrocketing. Their energy costs are double the national average. These are hardworking families, and they deserve a break,” said Noem. “This legislation gives them that break. By lowering tax rates and doubling both the standard deduction and the Child Tax Credit, that family of four making $54,000 will see a $1,600 difference in after-tax income. That’s $1,600 that will go back into our communities, rather than into the greedy hands of Washington.”
Noem, a mother of three, was a champion of the Child Tax Credit and fought to ensure the Child Care Credit was also preserved. South Dakota has one of the highest rates of working moms in the country, making these credits critical for many South Dakota families.
“Additionally, the Tax Cuts and Jobs Act is designed to build a healthier economy,” explained Noem. “The post-tax reform economy is one in which that family making $54,000 could get a raise. It’s an economy in which job creation can boom again.”
In addition to managing her family’s farm and ranch operation, Noem has owned and operated a hunting lodge, run an insurance business alongside her husband, and helped manage her mother’s restaurant. With those experiences in mind, Noem pushed to lift the tax burden on small business. Under the Tax Cuts and Jobs Act, small businesses would receive a first-ever 20 percent tax deduction that applies to the first $315,000 of joint income.
“I have spoken to hundreds of South Dakota farmers and ranchers throughout this process,” said Noem, who served as the only farmer-rancher on the final negotiating team. “Lowering tax rates was critical to them, but providing more robust expensing tools was also a big priority. Under this plan, producers will be able to immediately write off the full cost of new equipment as a means to manage cash flow and continue to deduct interest on loans, a provision critical to a highly leveraged industry like agriculture.”
Noem’s entry into public service came after her family was hit by the Death Tax following a farm accident that took her dad’s life. Noem went on to serve in the South Dakota State Legislature where she was appointed to the House Taxation Committee. Following her election to the U.S. House, Noem served on a series of committees, including the House Agriculture Committee where she successfully negotiated the 2014 Farm Bill as a member of that Conference Committee. In 2015, Noem earned a seat on the powerful House Ways and Means Committee, the first South Dakotan in history to do so. Noem became one of nine House Republicans to serve on the Tax Reform Conference Committee, which negotiated the tax reform deal.
Nice job Kristi!
LEADERSHIP gets results!
Not a bad week for Team Kristi…House passes tax overhaul which is President’s top priority with Kristi’s leadership and input (and Senator rounds’ leadership and input on committee also)
….and Jackley’s DCI director gets slapped for retribution on sexual harassment to the tune of 1.2M and Jackley’s campaign manager is out slinging the mid about out of state money.
Great presentation, Kristi. Thank you for speaking up for the citizens of our country!
Actually, there’s a small snag. Three (minor?) provisions won’t fit under Senate budget rules. Senate will strip them and vote. House will need a “do-over”. Maybe tonight, probably Wednesday.
Ms. Noem,
Thank you for sending our country down the latrine with this monstrously crafted tax bill. Your avarice, deceit, ignorance, and lies helped carry this through, and I cannot wait for you to come put the hurt on mom, dad, grandma, and grandpa when congress has to eviscerate medicaid, medicare, and social security just to keep the lights on. Funny, but I never thought I would see a fellow GOP advocate for the punishment of the elderly and little children (sic. CHIP). But hey! We will let bygones be bygones once you put those old boots on and pretend to be one of us. Honestly, if this is the Republican party, then so long Lincoln, so long Teddy R., so long Reagan. What a sad day.
nice liberal attack
My thoughts exactly, John.
Oh, boo-hoo, the govt isn’t going to take care of your mommy and daddy and poor little grandma anymore. Oh, and keep your legs closed if you don’t want to take care of your children. Be a man (or woman) get a job or two jobs and provide for your own family.
I’ve got an idea… let the govt take your entire paycheck and they can decide how to spend it for you. Crazy thing is, you probably want that to happen.
I have an idea: people like Nony can give their entire paycheck to the all-wise federal government (if they actually work and pay taxes), and those of us who know we can spend our money more efficiently than the nanny-state that Nony loves so dearly can get a bigger tax cut. Sound good?
You really sound foolish, Nony; have you ever taken even a basic finance class or did you drop out of grade school? You are a tool of Nancy, Chuck, and the other Demoncrats who wouldn’t vote for this simply because they hate Trump. No class whatsoever, and I hope they pay dearly in 2018.
get used to NONY’s screed in all its varied forms from now through election day in november. it’s the democrats’ ground game next year, “party of the rich” and “killing elderly and kids” and all that rot. tedious but here it comes again.
The bill is just OK. Not nearly the flattening I was hoping for, nothing like ’86.
If nothing else, this exercise in temporary legislating is yet another example of why we need to roll back the coup the United States Senate has committed against the constitution with their “rules”.
I do agree that this is good but not great. With the likes of Collins, Murkowski, McCain, and the like, we couldn’t expect more. I say primary those types of Republicans and get them out of government.